Villa 35 at Joseph Banks Estate - Fully Refurbished Before Settlement

Discover the ultimate retirement sanctuary at Joseph Banks Retirement Village!

Next Home Open: 10:00am on Thursday (07.08.2025)

Managed by Retirees WA Inc., a non-profit organization operating for over 90 years, the village offers exemptions from local council rates and stamp duty, along with a low monthly maintenance fee of $425.00. The pet-friendly complex features well maintained common areas and ample visitor parking.

Enjoy a relaxed and comfortable lifestyle in this well-presented villa at Joseph Banks Retirement Village. Perfect for retirees, this spacious 3-bedroom (or 2 + study) home features:

• Three bedrooms (two with built-in robes, plus a study/3rd bedroom).

• A semi-ensuite bathroom with stone benchtops and two toilets.

• A large undercover entertaining area.

• A private courtyard.

• A double lock-up car garage.

• Solar panels and reverse cycle split system air conditioning + ducted air conditioning.

• A spacious kitchen with stone benchtops and quality appliances.

Refurbished prior at settlement, this villa is ideal for those looking for a peaceful, low-maintenance home in a friendly community.

The centerpiece of this retirement community is its clubhouse, serving as a central hub for social gatherings and activities.
Immerse yourself in a fulfilling lifestyle, surrounded by like-minded individuals. Enjoy the convenience of nearby amenities and the tranquility of Western Australia's stunning landscapes.

Exclusive amenities include a clubhouse with a library, craft and theater rooms, workshop, gymnasium, and sauna. Join our vibrant community and participate in activities like quiz nights, Canasta, carpet bowls, bingo, and regular outings.

How the “Lease for Life” Works

This Villa is offered on a Lease-for-Life Agreement (exclusive to individuals aged 55+ who are not employed full-time).

Choosing a “Lease for Life” with Retirees WA means purchasing the lease at market value, granting you the exclusive right to occupy the unit and use all common facilities . The lease ends when the last occupying resident vacates the unit. Unlike traditional home ownership, the land title does not transfer to you. The residents have to be over 55yo and cannot work full-time.

Financial Details and Costs

During occupancy, residents are responsible for the following costs:

Monthly Maintenance Fee: This covers common village expenses such as administration, pest control, building insurance, utilities for common areas, gardening, rubbish removal, and maintenance. The fee is reviewed annually.

Utility Charges: Residents pay for their unit’s water, electricity, gas, telephone, and other service charges.
Maintenance and Responsibilities
As a resident, you are responsible for maintaining and repairing your unit only from the back fence to the outside of the front door. Retirees WA ensures that common areas are well-kept, covering these costs through the village maintenance account. This means you can enjoy a low-maintenance lifestyle, focusing on what matters most to you.

Insurance and Pets
Retirees WA insures the unit and the original fixtures but you must insure your personal belongings. Pets are allowed at the discretion of Retirees WA, and a “Request to Keep a Pet” form must be completed.

Understanding the Outgoing Refund
When the lease ends, the outgoing refund is calculated by deducting certain fees from the new resident’s ingoing payment:

Deferred Management Fee (DMF): 2.5% of the subsequent resident’s ingoing payment per year, capped at 25%.
Major Refit Contribution (Sinking Fund): 1% of the subsequent resident’s ingoing payment per year, capped at 10%.
Additional Costs: Including outstanding maintenance fees, water usage, selling fees, settlement fees, and refurbishment costs.
The outgoing resident or their estate receives the payment within 7 business days after the subsequent resident pays for the lease.

Why Choose Retirees WA?

Choosing Retirees WA’s “Lease for Life” offers numerous advantages:

Security and Stability: Long-term leasing provides peace of mind.
Community Living: Enjoy the companionship of like-minded seniors in a supportive environment.
Reduced Living Costs: Exemption from Stamp Duty and Local Council Rates ensures affordable living. Low monthly maintenance fees further enhance financial relief.
Low-Maintenance Lifestyle: Focus on enjoying your retirement while we take care of common area maintenance.

Experience retirement living at its finest at Joseph Banks Retirement Village—where security and tranquility await. Schedule a tour to discover the exceptional lifestyle that awaits!

Contact Andrei at 0476 776 747 to arrange a viewing.